{"id":25303,"date":"2020-05-20T11:39:58","date_gmt":"2020-05-19T23:39:58","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=25303"},"modified":"2020-05-20T11:39:58","modified_gmt":"2020-05-19T23:39:58","slug":"hobart-property-prices-down-14pc-tasmanian-sales-fall-by-a-quarter-due-to-coronavirus-impact","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/hobart-property-prices-down-14pc-tasmanian-sales-fall-by-a-quarter-due-to-coronavirus-impact\/","title":{"rendered":"Hobart property prices down 14pc, Tasmanian sales fall by a quarter due to coronavirus impact"},"content":{"rendered":"<p><strong>PHOTO: Some Tasmanian sellers took their properties off the market believing they would not get the prices they were seeking.<cite class=\"_3Jwd8 _20AiM _2v_Gr age8P _2Rt0o _27aqo\" data-component=\"Figure__cite\">(Supplied: Pexels)<\/cite><\/strong><\/p>\n<p class=\"_1SzQc\">The number of house sales in Tasmania fell by more than a quarter in April compared with the month before, and property prices in Hobart were down 14 per cent, according to figures from the state&#8217;s Real Estate Institute.<\/p>\n<section class=\"_2ybzm Es5LH _1LbdU _1bAUU q-cWK\" role=\"contentinfo\" aria-label=\"key points\" data-component=\"KeyPoints\">\n<h2 class=\"zT1nT _4Zpdk SelAj _1t9H3 _2-MxD lxkD- mSYxO age8P\" data-component=\"Heading\">Key points:<\/h2>\n<ul class=\"_3Crv1\" data-component=\"List\">\n<li class=\"\" data-component=\"ListItem\">House sales in Tasmania were down by 27.5 per cent last month, compared with the previous month<\/li>\n<li class=\"\" data-component=\"ListItem\">House prices were down 2.2 per cent statewide, but by 14 per cent in Hobart, over the same period<\/li>\n<li class=\"\" data-component=\"ListItem\">\n<p class=\"_1SzQc\">The State Government has announced a new rent relief fund to catch tenants falling through the cracks<\/p>\n<\/li>\n<\/ul>\n<\/section>\n<p class=\"_1SzQc\">Real Estate Institute of Tasmania (REIT) president Mandy Welling said she was not surprised by the figures given the restrictions and challenges of the COVID-19 pandemic.<\/p>\n<p class=\"_1SzQc\">&#8220;These are the least productive figures since July 2013,&#8221; Ms Welling said.<\/p>\n<div class=\"entry-featured-img-wrap\"><a class=\"entry-featured-img-link\" href=\"https:\/\/propertynoise.co.nz\/au\/2020-australias-favourite-real-estate-agency-of-the-year-take-our-poll\/\"><img fetchpriority=\"high\" decoding=\"async\" class=\"attachment-hoot-medium-thumb  entry-content-featured-img entry-grid-featured-img wp-post-image\" src=\"https:\/\/i2.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2020\/05\/australianflag-9618.jpg?resize=460%2C270&amp;ssl=1\" sizes=\"(max-width: 460px) 100vw, 460px\" srcset=\"https:\/\/i2.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2020\/05\/australianflag-9618.jpg?resize=460%2C270&amp;ssl=1 460w, https:\/\/i2.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2020\/05\/australianflag-9618.jpg?zoom=2&amp;resize=460%2C270&amp;ssl=1 920w, https:\/\/i2.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2020\/05\/australianflag-9618.jpg?zoom=3&amp;resize=460%2C270&amp;ssl=1 1380w\" alt=\"Australian real estate agents\" width=\"460\" height=\"270\" \/><\/a><\/div>\n<div class=\"entry-grid-content\">\n<header class=\"entry-header\">\n<h2 class=\"entry-title\"><a href=\"https:\/\/propertynoise.co.nz\/au\/2020-australias-favourite-real-estate-agency-of-the-year-take-our-poll\/\" rel=\"bookmark\">2020 Australia\u2019s Favourite Large Real Estate Agency Of The Year | TAKE OUR POLL<\/a><\/h2>\n<\/header>\n<\/div>\n<p class=\"_1SzQc\">&#8220;Not since the recession back in the late 80s, I couldn&#8217;t find evidence of anything that has been this significant.&#8221;<\/p>\n<p class=\"_1SzQc\">The April sales figures showed:<\/p>\n<ul class=\"_1LbdU _1yO5y _3Crv1\" data-component=\"List\">\n<li class=\"\" data-component=\"ListItem\">The number of house sales was down by 27.5 per cent across the state for the month. In Hobart the decline was 37 per cent, Launceston 39 per cent and the north-west 12 per cent<\/li>\n<li class=\"\" data-component=\"ListItem\">House prices declined by 2.2 per cent statewide, but by 14 per cent in Hobart. In Launceston the decline was 0.8 per cent while the north-west remained steady<\/li>\n<li class=\"\" data-component=\"ListItem\">Vacant land sales increased by 1.6 per cent compared with the same time last year, which the REIT said was good news for the building industry<\/li>\n<\/ul>\n<p class=\"_1SzQc\">There was an easing of sales for properties in the $500,000 and above price bracket, but these properties were still selling on average 1.7 per cent above their listed price.<\/p>\n<p>READ MORE VIA <a href=\"https:\/\/www.abc.net.au\/news\/2020-05-19\/coronavirus-tasmania-real-estate-hobart-property-prices-drop\/12261668\">ABC<\/a><\/p>\n<h3 class=\"widget-title\"><span class=\"accent-typo\">MOST POPULAR<\/span><\/h3>\n<ul class=\"widgets-list-layout no-grav\">\n<li><a class=\"bump-view\" title=\"Real estate agent goes viral after posting his fool proof three-step plan to saving enough money for a home deposit\" 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href=\"https:\/\/propertynoise.co.nz\/au\/hobart-property-prices-down-14pc-tasmanian-sales-fall-by-a-quarter-due-to-coronavirus-impact\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":25304,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478098521,478098807,478109648,478102856,478098519,478098535,478099890,478109646,478098513,478101743,478099125,478098873,478098579,478098510,478098514,478098511,478098705,478098533,478104932,478098509,478104931,478098977,478109647],"class_list":["entry","author-data123nz","post-25303","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australians","tag-hobart","tag-hobart-property","tag-hobart-property-prices","tag-home-ownership","tag-house-prices","tag-house-sales","tag-launceston-property-prices","tag-property","tag-property-correction","tag-property-crash","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-institute-of-tasmania","tag-real-estate-news","tag-reit","tag-tasmania","tag-vacant-land-sales"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Hobart property prices down 14pc, Tasmanian sales fall by a quarter due to coronavirus impact - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/hobart-property-prices-down-14pc-tasmanian-sales-fall-by-a-quarter-due-to-coronavirus-impact\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hobart property prices down 14pc, Tasmanian sales fall by a quarter due to coronavirus impact - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"PHOTO: Some Tasmanian sellers took their properties off the marketRead More &rarr;\" \/>\n<meta property=\"og:url\" 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